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Now or never

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Everything posted by Now or never

  1. I specify a lot of HVAC equipment for new build apartments, social housing, commercial buildings, etc, usually around £4million per month. Number of projects seem to be reducing but still specifying around the 4 mark, though this month has seen a drop of 30% in project enquiries and value has taken a 50% dive; early days to make anything of it but significant if continues this way.
  2. +1 I’ve never said much in the ten years I’ve been here, visit on a daily basis and have taken so much from it over that time, but content seems to be disappearing and what’s left of it feels diluted and repetitive. Feels like an end of an era; this site is dying.
  3. I see for sale signs, multiples within a single street, sometimes houses opposite each other; I have no doubt things are changing and sentiment will follow now that it’s for all to see.
  4. My opinion is that it’s down to new blood being put off by all the tests. Don’t forget you have to do a theory (regardless if completed for car) and I think 3 practical tests now. If you add the cost of that plus any training, it can get quite expensive. When you’ve got the costs involved to get a driving license, which for 99% of youngsters would get priority, and then the additional costs for the bike license, I can’t see many taking it up. Its only the existing license holders now buying bikes, and they’re probably dying of at the same rate as the sells.
  5. Definitely something I would share. With regards to the above point, I would add how housing benefit has made it so attractive at the tax payers expense. Why benefit is paid and who actually benefits.
  6. http://www.ibtimes.co.uk/asking-prices-crash-homes-camden-expensive-london-areas-struggle-1595768
  7. http://uk.businessinsider.com/finncap-predicts-10-20-fall-in-london-house-prices-post-brexit-2016-7
  8. Taking a hit today. Strange considering there'll be all those new flats to sell!
  9. Installers were taking the piss back when feed in was initially 43p per kW. I worked for a manufacturer who gave me 50% discount on the cost of the components but we had to get an MCS accredited installer. They charged my parents £3000 just to install 2.4kW (half a days work) but they had no choice but to pay it. My parents have been very lucky though, installed the system over 3 years ago and have had all their money back when you take into account all the benefits. One benefit being that their meter actually runs backwards, so no need for an optimiser there! 22 more years left to receive their £1500 per annum Brucey bonus.
  10. I think he'll find the landlords are screwed considering the majority of tenants have just had their tax credits reduced and housing benefit frozen!
  11. Agreed, they would have lost 35K in mortgage repayments, but still be liable for a 35K loss in value, though it would be slightly less as the mortgage would have probably reduced by about 10K over that 5 year period, so an outstanding mortgage of 100K for a property worth 75K. I still can't understand who will be taking the hit, if you look on rightmove there are listings for SO percentages for more than they're worth - I'v seen EAs advertising 80K for 50% with property valued at 120K - 40K NE from day one - work that one out!
  12. Which he doesn't take a hit on - the point of the post. When I know the full outcome of his situation I'll update.
  13. As I keep saying, I'm referring to the fact he is not liable for the NE - the loss in value of the house. There is no doubt there will be a loss, anybody would have to take a hit because of the time period this has happened within regardless of how the property was purchased. Nobody shrugs off a loss but what choice do they have. You seem to be missing the point, compared to somebody who did purchase a property in 2007 (in the 'normal' way) they would have a huge loss, probably forcing bankruptcy.
  14. Maybe the title of the post was misleading, as I've stated before, it was the NE aspect I was reffering to, the fact you take no responsibility for the loss in value for your share. As I said, it's early days, when I know more facts I will post.
  15. Agreed, but doesn't seem to be the case, though I will post the actual outcome.
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